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Mariposa East PID seeks bondholder support to avoid tax hike
Mariposa East Public Improvement District plans to write a letter to bondholders asking to avoid higher taxes on about 100 homeowners and urging use of High Desert Investment Corporation asset sales to cover a 15.3 million water and sewer bond. If sales fall short, assessments tied to benefits may replace a flat tax. Public officials seek a quick resolution while residents voice frustration over potential steep tax increases and omitted participation by High Desert.
MENTIONED IN THIS ARTICLE
Mariposa East
PID
Gary Gordon
High Desert
Mariposa
Jimenez
Mariposans
Rio Rancho
Avery Meisner
State Department of Finance and Administration
Peter Franklin
PID Board
Franklin